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Dec 10, 2012
12/12
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WJLA
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. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats shona signs of backing off from supporting the president's hard-line stance on raising the income tax rate on the rich. >> we realize there have to be two sets to the bargain, but we are not going to go back to what we did in 2011 putting both revenues and cuts on the table. >> despite the impasse in washington promising signs the economy might be improving -- more job creation, improvement in the housing sector, and a decrease in household debt. solution -- spending cuts combined with an increase in tax revenue. >> talks about the fiscal cliff and the meeting between president obama and john boehner -- >> the president is trying to do two things. he is trying to both reopen negotiations, direct negotiations between him and the house speaker, the deal be struck between them. at the same time he is going to michigan tomorrow, where he will make the same case to autoworkers, the same types of middle-class people who helped him get elected in the industr
. >> when it comes to the fiscal cliff disrupting our economy and threaten jobs, the white house has wasted another week. >> democrats shona signs of backing off from supporting the president's hard-line stance on raising the income tax rate on the rich. >> we realize there have to be two sets to the bargain, but we are not going to go back to what we did in 2011 putting both revenues and cuts on the table. >> despite the impasse in washington promising signs the economy...
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Nov 9, 2012
11/12
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WUSA
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the wealthiest would cost jobs. >> reporter: how to avoid this fiscal cliff are expected to begin in ernest next week when congress returns to work. >> legislation is the art of compromise, consensus building. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter: vice president bid inis certain a solution can be found. >> we're not is going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: finding a solution in a lame duck congress could prove complicated. and that report from the congressional budget office also said if no agreement is reached the jobless rate would go up to 9.1% next year. >> susan mcginnis in washington on a friday morning. thank you so much. here in the northeast recovery from a pair of powerful storms is slow, painful and frustrating. this morning air travel in new york is expected to return to normal following wednesday's nor'easte
the wealthiest would cost jobs. >> reporter: how to avoid this fiscal cliff are expected to begin in ernest next week when congress returns to work. >> legislation is the art of compromise, consensus building. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter: vice president bid inis...
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Nov 7, 2012
11/12
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FOXNEWS
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this is why going over part of the fiscal cliff and raising taxes on job creators is no solution at all. instead of building our house on sand, let's build it on rock. instead of raising small business taxes, let's start by fixing their problems, start by giving them some confidence and certainty about what the future homeds. for this to work we need to focus on substance not theater. it will require weeks of work rather than a weekend of photo ops. it will not happen around a campfire at camp david or a secret room at an air force base or over 18 holes of gulf, this will take time. but if we are all looking for a solution, i am confident we can get there. mr. president, this is your moment. we are ready to be led. not as democrats or republicans. but as americans. we want you to lead. not as a liberal or conservative but as president of the united states of american. we want you to succeed. let's challenge ourselves to fine the common ground that has he -- eludeed us and do the right thing for our country. thank you. >>shepard: no questions. $2.6 billion presidentialal election later,
this is why going over part of the fiscal cliff and raising taxes on job creators is no solution at all. instead of building our house on sand, let's build it on rock. instead of raising small business taxes, let's start by fixing their problems, start by giving them some confidence and certainty about what the future homeds. for this to work we need to focus on substance not theater. it will require weeks of work rather than a weekend of photo ops. it will not happen around a campfire at camp...
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Dec 8, 2012
12/12
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CSPAN
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when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. 8 days ago, secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts and an infinite increase in the death lemmas like forever. four days ago we offered a serious proposal. since then, there has been no counteroffer from the white house. instead, reports indicate the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president thought the tax rate hikes he wanted, we would continue to see trillion dollar deficits for as far as the eye can see. washington has a spending problem, not a revenue problem. the president does not agree with our proposal. i believe he has an obligation to families and small businesses to offer a plan of his own, and plan that can pass both chambers of the congress. we are r
when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. 8 days ago, secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts and an infinite increase in the death lemmas like forever. four days ago we offered a serious proposal. since then, there has been no counteroffer from the white house. instead, reports indicate the...
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Dec 1, 2012
12/12
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CSPAN
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solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs is a great way for the president to start his second term. and for the good of our country, and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, couple things. first, on the issue of tax rates, are you willing to accept no deal that includes some increase in those top tax rates? and i'm also wondering what our final deadline is on this? when do we really have to have a deal? >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly, sooner is better than later. >> you've been doing this for a long time. the past 24
solving the fiscal cliff in a manner that addresses the true drivers of our debt and saves american jobs is a great way for the president to start his second term. and for the good of our country, and my colleagues, we're ready to work with the president to achieve those goals. >> mr. speaker, couple things. first, on the issue of tax rates, are you willing to accept no deal that includes some increase in those top tax rates? and i'm also wondering what our final deadline is on this? when...
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Dec 17, 2012
12/12
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KCSM
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cliff. >> more people in that poll gave negative descriptions of the democrats than positive. if that this fails, democrats don't get a free ride, either. >> i think this has been an unbelievable failure of leadership by the president. you have got to raise taxes and cut entitlements, but the president has completely taken a pass on his role of getting the public ready for how serious this is. >> i have been reading the caro book about johnson. >> great, isn't it? >> it is in some ways the most interesting of the books. he understood that you have to make your opponents look good. otherwise, they don't want to go along with you. he has to get some allies on the republican side so that everybody comes out looking good, not bad. >> there has been some wobbling. >> the unity has been on the part of the democrats. that is one of the reasons john boehner wants to get people out of town, so they are not talking to the press. the most interesting number as far as the fiscal situation in that "wall
cliff. >> more people in that poll gave negative descriptions of the democrats than positive. if that this fails, democrats don't get a free ride, either. >> i think this has been an unbelievable failure of leadership by the president. you have got to raise taxes and cut entitlements, but the president has completely taken a pass on his role of getting the public ready for how serious this is. >> i have been reading the caro book about johnson. >> great, isn't it?...
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Nov 29, 2012
11/12
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CNNW
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listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
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we talk about fiscal cliff but really it's about jobs ultimately. >> it is. >> if we go off the fiscal cliff we lose jobs. >> we want job creation. everybody wants that. near-term crisis right now is job destruction that would happen under the fiscal cliff. john boehner has called for a press conference at 3:30 this afternoon to outline the next steps on fiscal cliff. we know this is the first order of business from the house side. the president has to get going on this. it is a jobs story. >> you don't get jobs unless you have economic growth, which is demand and more people employed. it is directly connected to jobs and your taxes. those are the two things that happen immediately. i think chris van hollen made interesting points. there's no question that the problem on taxes and the fichlt scal cliff lives in congress, in the house of representatives and largely with republicans. as we were traveling around the country, people do not hold democrats in congress blameless for this. they have to go in and say it is a new day now. we all talked smack for the last two years. americans wan
we talk about fiscal cliff but really it's about jobs ultimately. >> it is. >> if we go off the fiscal cliff we lose jobs. >> we want job creation. everybody wants that. near-term crisis right now is job destruction that would happen under the fiscal cliff. john boehner has called for a press conference at 3:30 this afternoon to outline the next steps on fiscal cliff. we know this is the first order of business from the house side. the president has to get going on this. it is...
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with the $6 billion election behind, fiscal cliff is job number one, right? why are our leaders right back to stone waulg. israel's leaders challenge the president to be tougher on iran now that he's re-elected are they changing their tune. the first tv interview with the sister of slain ambassador christopher stevens. let's go "outfront". >>> good evening everyone i'm erin burnett "outfront" tonight. nothing has changed. after $6 billion spent on the election, hundreds and hundreds of thousands of miles traveled by the candidates and millions and millions of pizzas consumed by hard-working campaign volunteers we seem to be back where we started on the edge of a fiscal cliff. president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica y
with the $6 billion election behind, fiscal cliff is job number one, right? why are our leaders right back to stone waulg. israel's leaders challenge the president to be tougher on iran now that he's re-elected are they changing their tune. the first tv interview with the sister of slain ambassador christopher stevens. let's go "outfront". >>> good evening everyone i'm erin burnett "outfront" tonight. nothing has changed. after $6 billion spent on the election,...
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Nov 14, 2012
11/12
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CNBC
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cliff, the economy, and the jobs situation. of course, these are very much tied together. he's doing that right out of the box. the dozen business leaders there today, i can assure you are not there with their corporate hats on. they're there as americans who care deeply about the future of our economy. they are champions of small business as well as large business. they are important employers that want to see jobs coming back again. so they were very happy to be invited to the white house. i'm sure that what's on their minds is supporting what the president's trying to do on bringing this -- >> but katherine, when he was asked very specifically, he said, first thing, you have to keep taxes on the middle class the same. keep taxes on the lower class the same. the upper class has to pay more than, then we can have a structure to discuss entitlement reform. that sounds like more of the same. that doesn't actually sound like anything getting done. that sounds like gang of six all over again. we get a structure to discuss rather t
cliff, the economy, and the jobs situation. of course, these are very much tied together. he's doing that right out of the box. the dozen business leaders there today, i can assure you are not there with their corporate hats on. they're there as americans who care deeply about the future of our economy. they are champions of small business as well as large business. they are important employers that want to see jobs coming back again. so they were very happy to be invited to the white house....
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Nov 30, 2012
11/12
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CNBC
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economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-
economy to fall off the fiscal cliff, 2 million jobs will be lost. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. [ male announcer ] this december, remember -- what starts with adding a friend... ♪...
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Dec 30, 2012
12/12
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CNNW
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. >> in addition to the fiscal cliff, investors have their eye on the jobs market. the latest unemployment report from the government is expected to be released friday. >>> the new year means new members of congress will officially get to work this week. one of the first duties of the 113th congress? elect party leaders. house speaker john boehner could face a challenge. also on the agenda changes in committee assignments and possible revisions to house and senate rules. >>> to massachusetts now where heavy snow is pounding the state and bringing with it freezing temperatures. boston could see up to 8 inches of snow today. the city's mayor has already declared a snow emergency. a top priority is getting the roads cleared for public safety. >> my guys live for this, so they're at their best when this kind of weather comes along. they're all geared up. it's like christmas morning for them. >> the neighbors to the south in rhode island are breaking out the shovels this morning. we'll show you that video. about a foot of snow has already fallen in some parts of the stat
. >> in addition to the fiscal cliff, investors have their eye on the jobs market. the latest unemployment report from the government is expected to be released friday. >>> the new year means new members of congress will officially get to work this week. one of the first duties of the 113th congress? elect party leaders. house speaker john boehner could face a challenge. also on the agenda changes in committee assignments and possible revisions to house and senate rules....
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Dec 7, 2012
12/12
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MSNBCW
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despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm in the face of sandy and fiscal cliff concerns, so that's good news. >> surprising exactly no one, the white house and republicans had different spin on the numbers. >> if congress does address the problems that it needs to address, concerning the fiscal cliff, if we have reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class we're going to see progress in this economy. >> the risk the president wants us to take increasing tax rates will hit many small businesses
despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm...
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Dec 7, 2012
12/12
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MSNBCW
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives ha
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this...
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Dec 9, 2012
12/12
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KQEH
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that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security, medicare, and medicaid and other programs that working families need, not so much because of deficit reduction, because this has been the agenda of republicans and right wingers for a very long time. >> so how do you see this fiscal debate playing out in the next couple of weeks? >> we have, those of us who say that deficit reduction is a serious issue, i believe it is. but believe very strongly that at a time when we have the most unequal distribution of wealth and income of any major country on earth, people on top doing phenomenally well, middle class is disappearing. that most americans agree with many of us
that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security,...
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Dec 27, 2012
12/12
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FBC
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off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the higher taxes that came with health care reform. 8% on the income, 9% of payroll, every american 2.2% on every medical device except my glasses, contacts hearing aids. those are happen. payroll tax will go away almost certainly. your payroll tax is almost smaller. gerri: your first paycheck will be smaller in the new year, right? >> no question. it will try to avoid the first paycheck, and for the bush tax cuts, but there's no guarantee they can keep i that up for very long. this is a story where the checks get smaller and the economy is weaker very quickly. gerri: let's talk about entitlement programs and the impact on them. social security will have a deficit this year of $6 billion yet again. can't keep up with social security. what is the longer-term impact of what is going on on these programs? >> we really d
off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the higher taxes that came with health care reform. 8% on the income, 9% of payroll, every american 2.2% on every medical device except my glasses, contacts hearing aids. those are happen. payroll tax will go away almost...
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Dec 1, 2012
12/12
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CURRENT
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. >> ladies and gentlemen the fiscal cliff. [ ♪ music ♪ ] >> it's my point rick. >> go to charlotte and say fairness, and then they run to try to beat the tax man which is-- >> i think he's doing his job. >> shame on them. >> no, job. >> i don't want to talk about it any more. >> he's gone. >> no, fox news, you guys are too angry. >> i'm not angry governor. i'm a happy guy. i want our traditions to be respected. that's all. >> well, merry christmas. [ ♪ music ♪ ] >> do not attempt to adjust your tv settings or smack the dvr. yes, that is a shetland pony, and a zebra taking a wednesday morning trot down staten island's victory boulevard. >> that is so cool. wouldn't you just want to hop out of the boat on top. >> didn't "moby dick" end up in the whale's mouth? >> jonah? >> i was thinking about jonah. >> we have breaking news. we have a plane crash, 29th and drive. >> let's go to sky cam. sky cam is cutting in and out. but it's supposedly in the middle of the road. >> it looks like a giant hole in the middle of the street. oh-- >> are you kidding me? >> we're just getting word this is
. >> ladies and gentlemen the fiscal cliff. [ ♪ music ♪ ] >> it's my point rick. >> go to charlotte and say fairness, and then they run to try to beat the tax man which is-- >> i think he's doing his job. >> shame on them. >> no, job. >> i don't want to talk about it any more. >> he's gone. >> no, fox news, you guys are too angry. >> i'm not angry governor. i'm a happy guy. i want our traditions to be respected. that's all....
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Dec 10, 2012
12/12
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FBC
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tracy: a fiscal cliff is a drag on confidence whether you understand the implications of it or not, just hearing it is enough to make you want to hide under your pillow, right? what is your thought on this? consumers have not so much been whistling past the graveyard on the issue, only more recently, to the realization of what this could possibly mean for them ant also some positive to focus on which his housing and gasoline prices. businesses have been dealing with the uncertainty factor for many months now. the only potential good news is we might have front end loaded the business side with capital spending. that could mean a quilt spring into 2013. tracy: u.s. companies are leaner and meaner thannthey have been probably in my lifetime but there is this looming fiscal cliff. do you think we will get a deal before the end of the year? >> i have absolutely no idea. there is low hanging fruit. strongly both sides do not want to see the other 30 some million people as married under it. there could be so low hanging fruit. they coulwe could get some sortf compromise on the bush tax cuts, b
tracy: a fiscal cliff is a drag on confidence whether you understand the implications of it or not, just hearing it is enough to make you want to hide under your pillow, right? what is your thought on this? consumers have not so much been whistling past the graveyard on the issue, only more recently, to the realization of what this could possibly mean for them ant also some positive to focus on which his housing and gasoline prices. businesses have been dealing with the uncertainty factor for...
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Nov 14, 2012
11/12
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CNBC
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you just heard her say she's expecting a decision to happen on the fiscal cliff. jobs and the american people are the number one priority, should be the number one priority. the problem is we have not seen evidence of any compromise just yet. that's what we're trying to figure out. will we have a compromise by year end, or will dividend taxes go from 15% to 43%? the fiscal cliff includes taxes going much higher and dividends will go to ordinary income. then you have to add on the 3.8% tax on health care legislation. that takes dividends all the way up to 43. 8%, and it takes exam ga -- capital gains up as well. this had been disruptive to the market. as soon as we see more of those executives coming out, we can get more color and information as far as what we are looking at with this fiscal cliff. we certainly will bring you there. meanwhile, schwab ceo sits down with me coming up next. the market sure seems worried about this fiscal cliff. we'll find out if he is and what he's seeing from individuals as well as high-income investors in this market. later, is the
you just heard her say she's expecting a decision to happen on the fiscal cliff. jobs and the american people are the number one priority, should be the number one priority. the problem is we have not seen evidence of any compromise just yet. that's what we're trying to figure out. will we have a compromise by year end, or will dividend taxes go from 15% to 43%? the fiscal cliff includes taxes going much higher and dividends will go to ordinary income. then you have to add on the 3.8% tax on...
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Dec 7, 2012
12/12
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MSNBCW
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market is holding firm in the face of sandy, in the face of fiscal cliff concerns, so that's good news. >> so if you look at one of the things that struck us obviously the one negative number is construction, doeses that bounce back in a way that's maybe overdone because of what ends up being a sandy effect to the positive? >> yeah. so i suspect the construction employment numbers will get if not revised up, we'll see much stronger numbers going forward. just simply because of the reconstruction related to the storm. my guess is some of those big retail employment gains you referred to, those where we'll see some downward revisions in the data where we'll see some weakness. leisure and hospitality type jobs would be affected by the storm and i'm not sure anyone else is picking that up. >> a year ago 8.7%. now 7.7% a. year from now are we going to be below 7%? >> you know, i don't think so. it's very surprising we dropped a whole point in a year given the economy's growth race. we're going 2%, 2.5%. a year ago i never thought we'd drop a full point in unemployment. my guess is a year fr
market is holding firm in the face of sandy, in the face of fiscal cliff concerns, so that's good news. >> so if you look at one of the things that struck us obviously the one negative number is construction, doeses that bounce back in a way that's maybe overdone because of what ends up being a sandy effect to the positive? >> yeah. so i suspect the construction employment numbers will get if not revised up, we'll see much stronger numbers going forward. just simply because of the...
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Sep 27, 2012
09/12
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FBC
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we have an election out there, we have the fiscal cliff. jobs are still an issue. the economy is still an issue. all of this considered, is the consumer still ready? >> they are on a short-term basis. they still have a job and they feel that their own little world is protected. they are only thinking the short-term. it is not lavish. it is making the right deal. has this really curb the extent of the spending? >> they are spending money on certain items. they are trying to entertain themselves. halloween is coming up. the average sale is $89 or $100. they put on a costume and have a night of fun. but that is not like investing in a new home or going out. like buying a new car. car sales are up, but very, very cautiously. i think the consumer is looking forward to a holiday. i think we're going to have a good holiday. not a great holiday, but a good holiday. the new trend is for your pets. instead of dressing themselves, they dress up their pets. think about it, you know? ashley: cemented off to college? >> no, no, no. sending them to doggy day care. people are unem
we have an election out there, we have the fiscal cliff. jobs are still an issue. the economy is still an issue. all of this considered, is the consumer still ready? >> they are on a short-term basis. they still have a job and they feel that their own little world is protected. they are only thinking the short-term. it is not lavish. it is making the right deal. has this really curb the extent of the spending? >> they are spending money on certain items. they are trying to entertain...
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Dec 11, 2012
12/12
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FBC
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our industry are creating jobs, we're coming back in the early stages of a recovery so the fiscal cliff january 1 would have a huge impact on the country, and impact on our business, and we have our fingers crossed and are very hopeful washington can get something done and we'll have to see. but if they don't, there is no question there will be a little bit of time until things settle down when the buyers will hit the sidelines. liz: will it derail the tentative recovery here? >> right now we are three weeks away from this fiscal cliff date and we're still selling houses. i don't think it derails it, but there could be a pause until things get worked out. liz: part of it is being discussed, and that is the possible elimination or at least the cutting of the mortgage interest rate deduction here. on one hand you have that would really hurt this industry and we need this sector to come back on the other, doesn't everybody have to have a stake in this? how do you feel about the possibility that could either be cut or eliminated? >> i think it would be unfortunate if they did it now because
our industry are creating jobs, we're coming back in the early stages of a recovery so the fiscal cliff january 1 would have a huge impact on the country, and impact on our business, and we have our fingers crossed and are very hopeful washington can get something done and we'll have to see. but if they don't, there is no question there will be a little bit of time until things settle down when the buyers will hit the sidelines. liz: will it derail the tentative recovery here? >> right...
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Nov 30, 2012
11/12
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FOXNEWSW
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but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its job to make sure the united states of america pays its bills and does not default for the first time in history is deeply irresponsible. it was deeply irresponsible in the summer of 2011 and would be deeply irresponsible if we were to see that kind of approach taken again. >> oo there were whispers there was a deal coming together. the white house says they are ready to compromise but republicans need to ask the wealthiest americans to pay higher tax rates. >> the fiscal cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won
but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its job to make sure the united states of america pays its bills and does not default for...
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Dec 1, 2012
12/12
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CURRENT
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he's a sitting congressman still that is leading negotiations with the fiscal cliff stuff. while he's negotiating on the budget priorities for our entire country, he has already accepted a job on k street. >> cenk: i want the audience to understand why that is so important. they might do the deal in the lame duck session while heath sugarer is still in congress. might it be a deal that effect duke energy. >> duke energy pays a negative tax rate. not only do they pay no corporate income taxes taxpayers give them a rebate even though they've made 10s of billions of dollars in profit over the last five years. the reason for that, lobbyists like heath shuler or soon to be heath shulerrers have carved out tax credits and specials in the tax code that duke energy benefit from. in this fiscal situation they're talking about taking away some of those credits to balance the budget. the fact that the person who is leading these negotiations or among the leaders has accepted a job with one of the companies that faces a lot of peril in these negotiations is quite troubling. >> cenk: wh
he's a sitting congressman still that is leading negotiations with the fiscal cliff stuff. while he's negotiating on the budget priorities for our entire country, he has already accepted a job on k street. >> cenk: i want the audience to understand why that is so important. they might do the deal in the lame duck session while heath sugarer is still in congress. might it be a deal that effect duke energy. >> duke energy pays a negative tax rate. not only do they pay no corporate...
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Dec 3, 2012
12/12
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FOXNEWSW
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this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game? what is their thinking as to how they are going to wo
this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold...
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Dec 10, 2012
12/12
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CNN
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co-owner jonathan williams concerned about the pending government fiscal cliff. >> there's a real simple correlation. people have jobs, they spend money. if people are worried about losing their jobs or don't have a job, then they're not going to go out that much. they're going to cook at home or stay at home. >> reporter: just a couple miles from the pentagon, many of the patrons here work directly or indirectly for the defense department and its contractors. the defense industry is facing $55 billion in discretionary spending cuts next year. unless congress acts to avert the so-called fiscal cliff. in addition, several key tax benefits are scheduled to expire at the end of the year that will have a direct impact on the pocketbooks of many americans. take a couple with one child living in new york earning $100,000. their tax rate jumps from 25% to 28%. they could be hit by the alternative minimum tax. the child tax credit drops from $1,000 to $500, and payroll taxes could be $2,000 more next year. for a single 25-year-old in michigan who works for time earning $30,000 a year and going t
co-owner jonathan williams concerned about the pending government fiscal cliff. >> there's a real simple correlation. people have jobs, they spend money. if people are worried about losing their jobs or don't have a job, then they're not going to go out that much. they're going to cook at home or stay at home. >> reporter: just a couple miles from the pentagon, many of the patrons here work directly or indirectly for the defense department and its contractors. the defense industry...
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Nov 30, 2012
11/12
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KQED
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cliff negotiations that there would be a package for jobs or helping the economy over the next couple of years in the near term? >> well, one would hope so my own belief is there should be significant investment in roads, bridges, airports, schools, other infrastructure for this country because we not only have a fiscal deficit we also have an infrastructure deficit. that would give two advantages. one, it would employ people in this country at a time when unemployment is too high. and number two it would improve the competive position of the country so, that's a to-for. >> susie: senator conrad, thank you for coming to the program. we appreciate it. >> thank you, always good to be with you. >> reporter: i'm erika miller in new york. still ahead, we'll look at why silver has been one of the best performing asset classes this year. >> tom: the u.s. economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well
cliff negotiations that there would be a package for jobs or helping the economy over the next couple of years in the near term? >> well, one would hope so my own belief is there should be significant investment in roads, bridges, airports, schools, other infrastructure for this country because we not only have a fiscal deficit we also have an infrastructure deficit. that would give two advantages. one, it would employ people in this country at a time when unemployment is too high. and...
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Dec 14, 2012
12/12
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KPIX
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fiscal cliff, maybe there's an idea. >>> "cbs moneywatch" time now on a friday. and if you need a cab in new york city, there may soon be an app for that. erica ferrari here in new york with that. erica, good morning to you. >>> good morning, terrell. a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained more than half a percent. tock owe's nikkei shed a fraction. concerned about washington's fiscal talks pushed wall street stocks lower. the dow finished down 74 points on thursday. the nasdaq lost 21 points. >>> swiss bank ubs is said to be in talks to pay a $1 billion fine to settle allegations of rigging a key interest rate benchmark. ubs is accused of manipulating the libor to boost trading profits. the rate affects trillions of dollars and loans including mortgage rates. barclays paid a $450 million fine to settle similar allegations last june. >>> consumers are spending more, but the results are mixed for retailers. the commerce department said on thursday that retail sales increased 0.3 in the mon
fiscal cliff, maybe there's an idea. >>> "cbs moneywatch" time now on a friday. and if you need a cab in new york city, there may soon be an app for that. erica ferrari here in new york with that. erica, good morning to you. >>> good morning, terrell. a new report showing growth in china's manufacturing sector lifted most asian stocks. hong kong's hang seng gained more than half a percent. tock owe's nikkei shed a fraction. concerned about washington's fiscal talks...
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Dec 7, 2012
12/12
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FOXNEWSW
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get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white hou
get to the fiscal cliff in a second. but first, the job report this morning, 7.7% unemployment because so many people left the workforce. 146,000 jobs. the question a lot of people are asking is when are we going get back to good honest job creation to grow the economy? what is it going to take? >> political will in a word. what is interesting about the jobs numbers and the economy in general is that it's not so much the fundamentals of the economy. businesses who hire people who create...